Mississippi Administrative Code
Title 12 - Finance and Administration
Part 8 - Real Property Management Leasing Manual
Sec2 12-8-300 - SOURCE SELECTION AND CONTRACT FORMATION
Section 12-8-300.1 - DEFINITION OF TERMS USED IN THIS SECTION
Current through December 10, 2024
(1) Award - acceptance by an agency or department of a proposal submitted by a Lessor with the intention of entering into a Lease Contract.
(2) BOMA - Building Owners and Managers Association
(3) Building Amenity Area - conference rooms, break rooms and similar spaces that are available for use by all tenants of a multi-tenant building at no additional cost or with SF rental cost prorated among all tenant spaces.
(4) Building Service Area - building lobby, public corridors, and public restrooms in multi-tenant buildings as well as janitors' closets, mechanical, electrical and communications rooms and closets, loading docks, shipping and receiving areas, building management and maintenance areas in all buildings.
(5) Demising Wall - a partition or wall separating one tenant's leased space from that of another tenant.
(6) Graduated Rental Rate - rental payments that begin at a low fixed rate per square foot and increase at set intervals over the Lease term.
(7) Lease - a contract by which one party conveys real property to another for a specified period of time and under specific conditions.
(8) Lessee - the individual or entity to whom property is rented or leased; tenant
(9) Lessor - the individual or entity who rents or leases property to another; landlord
(10) Market Rate Survey - up to date information collected and analyzed by a Mississippi Licensed Realtor on available or leased real property in a given area for the purpose of establishing fair market value.
(11) Major Vertical Penetration - elevators, stairwells, mechanical chases and similar spaces.
(12) Occupant Area - the actual square footage of a building that is useable exclusively by the tenant, and excludes Building Service Areas and Major Vertical Penetrations.
(13) Rentable Area - in a single-tenant building, is equal to the Occupant Area. For multi-tenant buildings, is equal to the Occupant Area plus the pro-rated portion of Building Amenity Areas attributable to the Occupant Area. In no case are Building Service Areas to be included in Rentable Area.
(14) Request for Lease Proposals (RLP) - all documents, whether attached or incorporated by reference, utilized for soliciting proposals.
(15) Responsible Offeror - a person or entity who has the capability in all respects to perform fully the contract requirements and the integrity and reliability which will assure good faith performance.
(16) Responsive Offeror - a person or entity who has submitted a bid or proposal which conforms in all material respects to the RLP.
(17) Succeeding Lease - a non-competitive lease acquisition secured to provide for continued occupancy of the current premises at the end of a lease and all contractually permitted renewals.
(18) Tenant Improvements - fixed improvements or modifications to a building prior to start of tenancy.
(19) Tenancy - the occupation or holding of land or other real property.
(20) Usable Area - the Occupant Area plus the Building Amenity Area.
